By Holly Testa | Download the PDF The traumatic impacts of the ongoing COVID- 19 outbreak are necessarily focusing attention to immediate concerns at the expense of just about everything else. Some thoughts on the challenges and opportunities we see as we navigate the changing day-to-day landscape: Our Work Continues The COVID-19 crisis will do much […]
Markets Respond to a Global “Time Out” By Theresa Gusman, Chief Investment Officer The US equity market was persistently hitting new highs following a 31.5% gain last year – until a few weeks ago. This surge drove the Dow Jones Industrial Average to an all-time high of 29,551 on February 12th. Then the bottom fell […]
“March Madness” Turns to March Sadness By Mel Miller, CFA®, Chief Economist | Download PDF As an economist, I rely on government and industry statistics to determine not only my analysis of the current economy but to formulate my forecast of the future direction of the economy. Tempering my investigation is the built-in lag time in […]
By Theresa Gusman and Mel Miller | Download the PDF We are going to try and answer the question of “What is an investor to do?” Going into 2020, the economy and the market seemed on reasonably stable ground. Expecting the record-breaking eleven plus years of economic expansion to continue, the stock market, as measured by […]
By Holly Testa | Download the PDF Proxy Voting Trends Our track record on proxy voting continues to contrast sharply with overall averages, as our proxy voting guidelines establish standards not typical within the mainstream investment community. We voted against over 40% of nominating committee board members due to lack of gender and racial diversity and […]
Buy on the Rumor, Sell on the News By Theresa Gusman, Chief Investment Officer | Download PDF US equities continue to hit new highs. A 9.1% fourth quarter surge propelled the S&P 500 to a 31.5% increase in 2019 – and the index continues to advance. A mixed start to 2019 yielded to strong fourth quarter […]
Civility On Hold By Mel Miller, CFA®, Chief Economist | Download PDF The current political environment turned even more toxic during the fourth quarter of 2019. One can only hope that historians will look back on 2019 as the low point of civility. President Trump, impeached in the House of Representatives, following partisan wrangling in what […]
Gun Violence: Are We Moving Beyond Thoughts and Prayers? By Holly Testa | Download the PDF Recent events give us hope that the answer is yes, even in the face of an unresponsive Senate. In the last few months we have seen significant developments: In the absence of viable federal legislation, state lawmakers have been taking action, […]
Earnings and Economic Growth Decelerating, Valuations Stretched – Markets Rising? By Theresa Gusman, Chief Investment Officer | Download PDF US equities continue to hit new highs. After its best first half in 22 years, the S&P 500 posted a 1.7% gain in the third quarter. Global equity markets were mixed. Japanese, European and US equities rose […]
Falling Leaves and Economy? By Mel Miller, CFA®, Chief Economist | Download PDF Fall is here. As I watch leaves drifting down to the ground from my office window, I have to ask whether the economy will follow a similar pattern of slowly drifting lower. The summer was a record-breaker in terms of rainfall here in […]
